Aug 30, 2006
TeleNav Inc., the leading provider of wireless location-based services (LBS), today introduced TeleNav GPS Navigator™ 5.0, the first GPS application on mobile phones that provides US consumers with full-color three dimensional (3D) moving maps, creating a more realistic and easy-to-follow visual navigation experience. The updated version of TeleNav GPS Navigator is also the first mobile navigation service to include a Wi-Fi Hotspot finder. Customers can now quickly find and get turn-by-turn directions to wireless hotspots across the US. With TeleNav GPS Navigator 5.0, customers can also search 'along-the-route' (ATR), enabling them to look up a business, place of interest and even the lowest gas prices along their predetermined routes. TeleNav GPS Navigator 5.0 also offers an address input method with the least amount of keystrokes in the industry. The application detects and auto-fills addresses based on current or commonly-used locations, as well as corrective entry, which automatically revises information the user may have misspelled. "Our mission with TeleNav GPS Navigator is to provide drivers with mobile navigation tools that are effective, convenient and effortless to use," said HP Jin, president and CEO at TeleNav. "The features we have launched today simplify, yet enhance, the experience, making it as easy as possible for drivers to experience safe and stress-free travel." Other features of TeleNav GPS Navigator include: • Voice and visual directions - Enter or call in your destination and TeleNav GPS Navigator computes your route. As you drive, you get up-to-the minute guidance and will automatically be re-routed if you miss a turn. Users can also preview their routes before they begin driving and specify preferences including highways and streets. • Full-Color moving maps (available on select phones) - See colorful maps of specific GPS locations and pan and zoom the map to view the surrounding streets. • Business Finder - Find businesses and services, including Wi-Fi hotspots, ATMs, restaurants, hotels, gas stations and easily navigate to them with the click of a button. Business Finder also allows users to quickly look up and call the phone number for a business. • Fuel Finder - Save money by finding the lowest gas prices within a five-mile or wider radius. • Parking Spot Marker - Easily find your car wherever you park it, such as in a large parking lot or on an unfamiliar downtown street. • My Favorites - Save as many addresses as you want for easy access later. • Language Preference - Choose English, Spanish, Mandarin, Russian, Cantonese, Vietnamese, French or Portuguese. TeleNav GPS Navigator, originally launched in 2003, is available for a fraction of the price of in-car navigation systems and dedicated personal navigation devices (PNDs). The service starts at just $9.99 per month for unlimited use, and TeleNav GPS Navigator customers are not charged cellular airtime minutes for using the service. "TeleNav is an early leader in the mobile GPS navigation market, and the company continues its leadership by driving innovation in the LBS sector," said Marina Amoroso, wireless analyst at the Yankee Group. "With the launch of TeleNav GPS Navigator 5.0, TeleNav has expanded its list of compelling features to rival that of other GPS-navigation devices." Market research firm ABI has predicted that the global GPS market will grow to more than $22 billion by 2008. The firm estimates that handset navigation and people tracking markets will experience the largest growth rates, significantly outpacing the overall market growth of 12 percent through 2008.(1) Similarly, research firm Strategy Analytics estimates that the number of GPS devices sold worldwide - including personal navigation units and applications built into cell phones and handheld computers - will grow from 18 million last year to 88 million in 2010.(2) The latest version of TeleNav GPS Navigator is currently available on select mobile devices. For more information on TeleNav GPS Navigator and to find out which wireless carriers offer the service, visit www.telenav.com. Come see TeleNav's products at CTIA Wireless I.T. and Entertainment, September 12-14, 2006, at the Los Angeles Convention Center: • TeleNav representatives will be available for questions or to show demonstrations of TeleNav products at the following partner booths on the Exhibit Floor: Palm (Booth #1001), Research in Motion (RIM) (Booth #261) and NAVTEQ (Booth #618). • HP Jin, president and CEO of TeleNav, will be a featured panelist in a session entitled 'Location Based Services in Enterprise.' The panel will be from 3:30 - 5:00pm on Tuesday, September 12 in room 402 of the Convention Center. • Hassan Wahla, TeleNav's senior director of business development, will be speaking on a panel entitled 'Security vs. Privacy' at NAVTEQ's LBS-focused Developer Conference which runs in conjunction with CTIA. The panel will be from 1:00-1:45pm on Monday, September 11, also at the Los Angeles Convention Center. • TeleNav will also be exhibiting at the Pepcom Mobile Focus event on September 12 from 7:00-10:00pm at the Westin Bonaventure hotel in Los Angeles.
About Telenav, Inc.
Telenav is the leader in personalized navigation. Our mission is to help reduce stress, improve productivity, and make life more fun for people on the go.
Our personalized navigation apps like Scout help people make smarter decisions about where to go, how to get there, and when to leave. Our location-targeted advertising platform Thinknear delivers highly-targeted advertising for national brands and small businesses at locations that drive consumer behavior to the advertisers' goals.
Our products are found in mobile app stores, distributed through our carrier partners (AT&T, Sprint, T-Mobile, and U.S. Cellular), embedded in connected cars (Ford), and on the web at www.telenav.com, www.scout.me and www.thinknear.com.
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